Nov 10 Watch Parties Seek Consensus on New Financial Stimulus Plan Congressional leaders and both President Bush and President-elect Obama have stressed the need for another financial stimulus package to jump-start the stalled economy. Economists weigh in on what steps they would take. Continue watching
Nov 07 Watch Soaring Jobless Rate Offers Latest Sign of Weakened Economy In the latest gloomy financial news, the U.S. economy shed 240,000 jobs in October, pushing the employment rate up to 6.5 percent. Two analysts examine the labor numbers and what they say about the economy. Continue watching
Nov 07 U.S. Unemployment Surges to 6.5 Percent in October By Admin, PBS News Hour Fueled by an economic downturn, the U.S. economy lost 240,000 jobs in October, the Labor Department said Friday. The numbers helped push the employment rate to 6.5 percent, its highest level in 14 years. Continue reading
Oct 30 Watch Lessons of Great Depression Apply to Current Meltdown The stock market crash of 1929 offers parallels to the spiraling financial crisis of the 21st century, giving insight to measures that can help correct the collapse. Paul Solman talks to two authors on the Great Depression who assess the… Continue watching
Oct 30 Watch Consumers Trim Spending in New Sign of Economic Downturn New data show that consumer spending fell 3.1 percent in the third quarter, its sharpest drop in 28 years. New York Times columnist David Leonhardt examines the latest numbers. Continue watching
Oct 30 U.S. Economy Shrinks as Consumers Slow Spending By Admin, PBS News Hour The Commerce Department reported Thursday the economy shrank at an annual rate of 0.3 percent in the July to September period, indicating that a recession may have already begun. Continue reading
Oct 24 Watch Multiple Economic Factors Driving Fears of Global Recession U.S. and global markets endured another tough day Friday as fears intensified of a global recession. Financial experts examine the factors driving the recession speculation and possible solutions to the crisis. Continue watching
Oct 24 U.S., Worldwide Markets Plunge Anew on Recession Fears By PBS News Hour U.S. stocks slid Friday, with the Dow Jones Industrial Average closing down more than 300 points, as worries of a global recession pushed investors to shed stocks and rattled markets worldwide. Continue reading
Oct 15 European Leaders Call for Summit to Overal Global Financial System By Admin, PBS News Hour As the world's industrialized nations continued to roll out more plans to bolster flagging economies, European leaders called for a review of the global financial system. Continue reading
Oct 11 Is it time to admit that the world is already in a recession? Question/Comment: Over the past few weeks, we have gone to extreme measures to save economies around the world. Treasuries and central banks to date have used multiple tools to ease this crisis such as, lowering Interest rates, pumping billions of… Continue reading